Open Access Publisher PeerJ Receives Investments From SAGE and O’Reilly in Second Round of Funding

Open access published PeerJ has announced a new round of funding led by SAGE and O’Reilly
From Posts by SAGE and PeerJ:

We are pleased to announce that we have secured a new round of funding led by SAGE and O’Reilly.
David McCune, non-Executive Director of SAGE will now sit on the PeerJ Board of Directors alongside Tim O’Reilly, CEO and founder of O’Reilly Media, and PeerJ’s two co-founders, CEO Jason Hoyt and Publisher Peter Binfield.
With these additional investments, PeerJ still maintains its position as an independent company.
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We have watched with interest PeerJ’s bold and original approach to open access publishing and we are excited about the philosophy that fuels it,” added David Ross, Global Head of Open Access at SAGE. “Different sectors of the scholarly communications market have different needs, and the PeerJ model helps address that. One size does not fit all, and SAGE’s mission is to foster a healthy and diverse publication ecosystem.”
O’Reilly Media and OATV have supported PeerJ from our inception and their continued support through this second round of funding is testament to their belief in our vision. Tim O’Reilly adds “PeerJ’s vision for a new model of scientific publishing is as fundamentally important now as at the initial outset, and we are committed to ensuring they are able to continue on their path.”
We have watched with interest PeerJ’s bold and original approach to open access publishing and we are excited about the philosophy that fuels it,” added David Ross, Global Head of Open Access at SAGE. “Different sectors of the scholarly communications market have different needs, and the PeerJ model helps address that. One size does not fit all, and SAGE’s mission is to foster a healthy and diverse publication ecosystem.”
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[PeerJ Co-Founder and Publisher Peter] Binfield added “We are also very happy to have the involvement of David McCune, and SAGE Publications. As well as being a well-respected academic publisher and leader in the social sciences, SAGE has been actively exploring open access – as such, we believe that there will be interesting lessons to be learnt by both companies as we go forward.”
With the additional capital from this round we [PeerJ] will be able to further develop our offering, as well as promote ourselves much more broadly to the wider academic community.

See Also: OA Publisher PeerJ Celebrates First Anniversary of Publications (February 12, 2014)
See Also: PeerJ Launches Open Access Journal and Preprint Server (Roundup) (June 12, 2014)

Filed under: Funding, News, Open Access, Publishing, Roundup, Scholarly Communications